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Rice Protein Market Projected to Reach USD 452.3 Million by 2033 - Persistence Market Research

04-01-2025 08:44 AM CET | Food & Beverage

Press release from: Persistence Market Research

Rice Protein Market

Rice Protein Market

The global rice protein market is experiencing rapid growth, driven by various factors such as the increasing demand for plant-based proteins, the rising number of health-conscious consumers, and the growing prevalence of food allergies. In 2023, the global sales of rice protein are valued at approximately US$ 248.5 million, with projections indicating that this number will soar to US$ 452.3 million by 2033, at a compound annual growth rate (CAGR) of 6.6%. This robust growth is largely due to the surge in demand from sectors such as food and beverages, infant nutrition, and animal feed. The market for rice protein is also benefiting from the global trend of consumers turning toward plant-based diets, driven by health, environmental, and ethical considerations.

Key drivers behind this growth include the increasing adoption of plant-based proteins, the need to address protein deficiencies worldwide, and the growing awareness of the benefits of hypoallergenic ingredients. Among the various segments, the sports and energy supplements segment is expected to dominate the market, owing to the higher amino acid content of rice protein, especially arginine, which is critical for enhancing blood flow and boosting performance. Geographically, the North American market, particularly the United States, stands out as a leading region due to the rising trend of veganism and the demand for protein-based snacks.

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Key Growth Drivers, Leading Segment, and Geographical

Region

The primary drivers behind the growth of the rice protein market are health-related trends and the rise in lifestyle diseases such as obesity, diabetes, and cardiovascular conditions. These conditions are prompting consumers to opt for healthier and more nutritious food ingredients, like rice protein, which is low in trans fats, calories, and sugar. Additionally, the rise in protein allergens among consumers is significantly benefiting the rice protein market, as it provides a hypoallergenic alternative to traditional protein sources like soy, dairy, and gluten-based proteins.

The sports and energy supplements segment is the leading category in the rice protein market, accounting for a significant share of the global market due to its ability to enhance performance and muscle recovery. As for the geographical distribution, North America and Europe are the key regions driving the rice protein market, with the United States and Germany being prominent contributors. The growing demand for plant-based and vegan products in these regions is fueling the market, particularly among health-conscious consumers and those adhering to plant-based diets.

Key Highlights from the Report
Rice protein market sales are expected to reach US$ 452.3 million by 2033, growing at a 6.6% CAGR.

The sports and energy supplements segment holds the largest value share in the global rice protein market.

North America, especially the U.S., is one of the leading regions in the rice protein market.

The demand for organic rice protein is predicted to grow at the highest rate of 7.9% CAGR.

The U.S. market is valued at US$ 68.5 million for 2023, driven by rising veganism and flexitarianism.

Rice protein's hypoallergenic properties are boosting its popularity in infant formulations.

Market Segmentation

The rice protein market can be segmented into various categories based on product type, end-use, and geographic region. Product-wise, rice protein is primarily divided into organic and conventional rice proteins, with organic rice protein witnessing the highest growth due to increasing consumer demand for natural, sustainable products. The market for sports and energy supplements is the leading application for rice protein, accounting for a substantial share of the market. This segment is driven by rice protein's high arginine content, which is known for its ability to improve circulation and athletic performance.

From an end-user perspective, the rice protein market is segmented into several categories, including food and beverages, infant food, animal feed, sports nutrition, and others. The food and beverage industry holds a significant share, with increasing usage in vegan and gluten-free food products. Sports nutrition is also a rapidly growing segment, as athletes and fitness enthusiasts seek plant-based protein sources to enhance their performance and recovery. Furthermore, the animal feed segment is expanding due to the growing demand for sustainable, plant-based protein alternatives in livestock diets.

Regional Insights

North America

In North America, particularly in the United States, the demand for rice protein is accelerating due to the rise in plant-based diets and veganism. U.S. consumers are increasingly aware of the health benefits of plant-based proteins, and this trend is reflected in the growth of rice protein sales. With an estimated market value of US$ 68.5 million in 2023, the rice protein market in the U.S. is poised to grow at a 4.7% CAGR during the forecast period, driven by consumer preferences for vegan protein alternatives.

Europe

Europe is another key region witnessing strong growth in the rice protein market. Germany, in particular, is experiencing a significant rise in demand for plant-based snacks, including those made with rice protein. With a value CAGR of 7.9%, Germany is expected to remain one of the largest markets for rice protein in Europe. This trend aligns with the growing acceptance of vegan products and the increasing demand for healthy, protein-enriched snacks across the region.

Market Drivers

The rice protein market is driven by several key factors. First, the growing prevalence of lifestyle diseases such as obesity, heart disease, and diabetes is encouraging consumers to seek healthier, more nutritious food options. Rice protein, being low in calories, trans fats, and sugar, offers a healthier alternative to traditional animal-based proteins. Second, the rising awareness of food allergies, particularly to soy, peanuts, and dairy, is leading many consumers to opt for hypoallergenic alternatives like rice protein.

Additionally, there is an increasing demand for plant-based proteins as a result of ethical concerns over animal welfare and the environmental impact of animal farming. This shift toward plant-based diets is reflected in the rising demand for vegan food products that incorporate rice protein. Finally, the growing trend of sports nutrition and the need for plant-based protein supplements are further driving the market.

Market Restraints

Despite its growth, the rice protein market faces several challenges. One major constraint is the low awareness of rice protein's unique nutritional profile, particularly in developing regions. While rice protein is gaining popularity in Western markets, many consumers in other parts of the world are still unfamiliar with its benefits. Another restraint is the inconsistent supply of raw materials due to fluctuations in rice production and pricing. This can affect the availability and cost of rice protein, leading to price volatility and supply chain disruptions.

Furthermore, the market is also affected by the dominance of soy protein, which holds a larger market share in many regions due to its longer history of use and greater consumer familiarity. Rice protein's relatively recent introduction to the market means it must compete with established alternatives that are often perceived as more affordable and readily available.

Market Opportunities

The rice protein market presents several opportunities for growth. One key opportunity lies in expanding awareness of rice protein's unique amino acid profile and hypoallergenic properties. As consumers become more educated about the benefits of rice protein, demand is expected to rise, particularly in regions with high incidences of food allergies.

Additionally, the growing trend of plant-based diets presents a significant opportunity for rice protein manufacturers to cater to vegan, gluten-free, and eco-conscious consumers. The market for organic rice protein is also expanding, as more consumers seek natural, sustainable alternatives to conventional protein sources. Finally, the rising popularity of sports nutrition offers an opportunity for rice protein to capture a larger share of the supplements market, particularly as athletes seek plant-based protein sources to support their performance and recovery.

Reasons to Buy the Report

✔ Comprehensive insights into the growth drivers and challenges of the rice protein market.
✔ Detailed analysis of market segmentation based on product type, end-use, and geography.
✔ Regional trends and forecasts for major markets, including North America and Europe.
✔ Identification of key players and recent developments in the rice protein industry.
✔ Forecasts for market size and growth, helping businesses to plan for the future.

Company Insights

Key Players in the Rice Protein Market

Habib-ADM Ltd.

Nestle

Suedzucker

Kerry Group

Axiom Foods

The Green Labs LLC

Recent Developments
Habib-ADM Ltd. is focusing on improving its rice protein offerings by incorporating advanced technologies to enhance production efficiency and maintain high product quality.

Nestle has invested heavily in optimizing its supply chain for rice protein, enabling the company to handle raw material procurement more efficiently.

Contact Us:

Persistence Market Research
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Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

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